Description

BSE announces listing of two series of commercial paper issued by Navi Finserv Limited on private placement basis, totaling 2,093 units with face value of Rs. 5 lakhs each.

Summary

BSE has listed two series of Commercial Paper issued by Navi Finserv Limited on private placement basis, effective October 17, 2025. The first series (NFL-14-01-26-CP) consists of 640 units maturing on January 14, 2026, while the second series (NFL-15-01-26-CP) comprises 1,453 units maturing on January 15, 2026. Both series have a face value of Rs. 5,00,000 per unit and carry an IND A1+ credit rating. HDFC Bank Limited serves as the Issuing and Paying Agent for both instruments.

Key Points

  • Two series of Commercial Paper listed on BSE Debt segment with effect from October 17, 2025
  • Series 1: 640 units with Scrip Code 730404 (ISIN: INE342T14ER7), redemption date January 14, 2026
  • Series 2: 1,453 units with Scrip Code 730405 (ISIN: INE342T14EP1), redemption date January 15, 2026
  • Face value and paid-up value: Rs. 5,00,000 per unit for both series
  • Issue price: Rs. 4,88,438 for Series 1 and Rs. 4,88,015.50 for Series 2
  • Date of allotment: October 16, 2025 for both series
  • Credit rating: IND A1+ for both instruments
  • HDFC Bank Limited appointed as Issuing and Paying Agent
  • Trading permitted only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Market participants must adhere to the tick size of 1 paise for these securities
  • Trading members requiring clarification should contact the BSE debt department at specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: October 16, 2025 (both series)
  • Listing Date: October 17, 2025 (effective date)
  • Redemption Date (Series 1): January 14, 2026
  • Redemption Date (Series 2): January 15, 2026

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing that adds short-term debt instruments to the BSE Debt segment. The listing provides additional investment options for institutional investors and debt market participants.

Operational Impact: Limited to trading members dealing in debt securities. The instruments will be available for trading in the debt segment with standard trading parameters.

Investor Impact: Provides investment opportunities in highly-rated (IND A1+) short-term commercial paper with approximately 90-day tenor. The implicit yield can be calculated from the issue price discount to face value.

Impact Justification

Routine commercial paper listing announcement with no market-wide impact, affecting only debt market participants interested in Navi Finserv instruments.